The best investment advice ever…
Many people ask me for the best investment advice ever…
This obviously has to be a very small post:
1. Write down your financial goals: Clearly, SMARTLY, ….write.
And see what each goal will do for you, say it out loudly, believe in it. Make sure YOU want it. Not your mom, wife, child, ….YOU, YOU , YOU.
2. START INVESTING TODAY….delay is POISON…do it NOW.
3. Monitor like a maniac….see what you are doing on a regular basis. Every investment should fit into the Investment Philosophy of reaching for your goal.
That is it. Just take these 3 steps ….and you will be financially free. How quickly you reach there is a function of:
– how the markets behave over the next few years
– how much money YOU are able to SIP regularly
– how well you monitor the performance (assuming u understand how it is to be done)
– seek an adviser if you MUST….
Presto! You are there….Congrats…
Barry John
Good things in life , come in samll packages ( usually). But we ( humans ) love complexity. So , simplicity is the most difficult part.
Nitin
Okay, I will ask an investment advice here. Sorry if its not allowed.
How is Mrinal Singh as a fund manager. I am quite impressed with the following fund:
ICICI Prudential Discovery Fund – Institutional Option – I.
What is your opinion?
subra
No clue.